Barclays seeking Swiss franc traders: reports

British-based bank Barclays is hiring “several dozen” Swiss franc currency traders as part of plan to start forex trading in Switzerland, according to a recent report from Handelsblatt, the German newspaper.

The Dow Jones news service on Wednesday cited sources familiar with the situation as saying the move was part of a plan to take on Credit Suisse and UBS, Switzerland’s biggest banks, which dominate the Swiss franc trade.

The news service, however, said its sources claim the number of traders being sought by Barclays is fewer than the Handelsblatt report indicated.

A spokesman from Barclays declined to comment on the plans.